Vietnam’s exports to the Philippines declined sharply in September 2025 to US$346.89 million, down 38.76 percent from August, according to preliminary data from Vietnam’s General Department of Customs.
Year-to-date exports totalled US$4.28 billion.
The steep drop was largely driven by a 92.61 percent plunge in rice exports to US$17.56 million, compared with US$237.69 million in August.
Other key export categories also fell, including telephones and parts, which dropped 39.51 percent to US$17.69 million, and footwear, down 42.59 percent to US$6.42 million.
Conversely, iron and steel surged 893.65 percent month-on-month to US$25.26 million, while animal fodder materials rose 156.38 percent and manioc products increased 193.24 percent.
Machinery, computers, and electrical products maintained stable performance.
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Vietnam exports to Philippines in September 2025 US$millions
| September | August | Change | YTD | |
| Total | 346.89 | 566.40 | -38.76% | 4,283.68 |
| Other products | 63.12 | 64.74 | -2.51% | 571.74 |
| Other means of transportation, and parts | 35.14 | 44.65 | -21.29% | 232.91 |
| Machine, equipment, tools and instruments | 31.67 | 34.59 | -8.44% | 297.87 |
| Iron and steel | 25.26 | 2.54 | 893.65% | 52.68 |
| Computers, electrical products, and spare-parts | 22.24 | 19.59 | 13.57% | 162.46 |
| Telephones, mobile phones and parts thereof | 17.69 | 29.25 | -39.51% | 206.82 |
| Clinker and cement | 17.62 | 17.45 | 1.00% | 182.43 |
| Rice | 17.56 | 237.69 | -92.61% | 1,444.79 |
| Iron and steel products | 13.12 | 13.63 | -3.74% | 88.42 |
| Animal fodders and animal fodder materials | 10.47 | 4.08 | 156.38% | 32.91 |
| Coffee | 10.37 | 8.26 | 25.62% | 218.24 |
| Textiles and garments | 9.26 | 11.03 | -16.02% | 94.61 |
| Fishery products | 8.25 | 8.26 | -0.11% | 79.93 |
| Plastics | 8.11 | 5.21 | 55.51% | 45.73 |
| Chemical products | 7.40 | 7.93 | -6.70% | 60.05 |
| Yarn | 6.93 | 7.45 | -7.04% | 62.33 |
| Footwear | 6.42 | 11.19 | -42.59% | 83.71 |
| Plastic products | 6.22 | 6.52 | -4.55% | 56.36 |
| Insulated wires and cables | 5.34 | 4.71 | 13.28% | 48.95 |
| Paper and paper products | 4.69 | 5.00 | -6.24% | 37.63 |
| Textile, leather and footwear materials | 3.75 | 3.58 | 4.63% | 27.32 |
| Pastries, sweets and cereal products | 3.60 | 2.97 | 21.11% | 27.37 |
| Pepper | 3.37 | 3.91 | -13.84% | 30.56 |
| Cashew nut | 1.95 | 1.86 | 5.11% | 14.77 |
| Glass and glassware | 1.41 | 1.91 | -26.14% | 12.11 |
| Other base metals and other base metal products | 1.40 | 1.32 | 6.27% | 14.16 |
| Ceramic products | 1.39 | 3.28 | -57.71% | 21.63 |
| Fertilizers | 1.02 | 1.71 | -40.24% | 30.47 |
| Still image, video cameras and parts thereof | 0.96 | 1.06 | -9.49% | 9.77 |
| Manioc and manioc products | 0.63 | 0.22 | 193.24% | 7.18 |
| Tea | 0.33 | 0.43 | -21.80% | 2.40 |
| Furnitures of other materials, other than of wood | 0.11 | 0.15 | -29.50% | 1.14 |
| Chemicals | 0.08 | 0.22 | -65.79% | 2.61 |
| Coal | 0.00 | 0.00 | 0.00% | 21.57 |
Vietnam trade with the Philippines
Vietnam’s trade with the Philippines reached US$6.09 billion year-to-date by September 2025.
Exports fell sharply to US$346.89 million in September from US$566.40 million in August, down 38.76 percent month-on-month.
Imports rose 3.72 percent to US$190.92 million, bringing total monthly trade to US$537.81 million, a 28.34 percent decline from August.
Vietnam’s trade surplus with the Philippines narrowed 59.21 percent to US$155.97 million in September, while the year-to-date surplus stood at US$2.48 billion.
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Vietnam trade with Philippines year to date September 2025 US$millions
| September | August | Change | YTD | |
| Imports | 190.92 | 184.08 | 3.72% | 1,805.71 |
| Exports | 346.89 | 566.40 | -38.76% | 4,283.68 |
| Total | 537.81 | 750.48 | -28.34% | 6,089.39 |
| Balance | 155.97 | 382.33 | -59.21% | 2,477.97 |
Vietnam-Philippines trade relations
Vietnam and the Philippines maintain a strong and growing trade partnership within ASEAN, characterised by complementary economic strengths.
Vietnam exports rice, machinery, electronics, and construction materials to the Philippines, while importing agricultural products, processed foods, and chemicals.
Both countries are members of the Regional Comprehensive Economic Partnership (RCEP) and the ASEAN Free Trade Area (AFTA), which reduce tariffs and encourage greater trade and investment flows.
In recent years, bilateral cooperation has expanded beyond trade to include renewable energy, logistics, and digital transformation, reflecting efforts to deepen economic integration between the two economies.